Texas Mutual Insurance Company announced that the National Federation of Independent Businesses (NFIB) workers’ compensation purchasing group for the construction industry earned an $82,184 dividend. It was the second consecutive year the NFIB/Construction group earned a Texas Mutual dividend.
The group dividend is separate from the approximately $50 million in dividends that Texas Mutual paid to qualifying policyholders in July. Some NFIB/Construction group members may receive dividends under both programs.
Since 1999, Texas Mutual has returned over $170 million in general dividends and over $5 million in purchasing group dividends. The Texas Department of Insurance has approved every Texas Mutual dividend plan to date.
Working together, NFIB and Texas Mutual have created workers’ compensation purchasing groups for three industries: construction, manufacturing and wholesale-retail.
Employers interested in Texas Mutual purchasing groups can find more information online at www.texasmutual.com/agents/group.shtm.
Past dividends are not a guarantee of future dividends; however, when funds are available, Texas Mutual said it believes in rewarding loyal policyholders whose low claim losses help contribute to its success.
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